Costamare Inc. Declares Quarterly Dividend of $0.27 per Share
News Release
Costamare Inc.
January 16, 2012
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD><TITLE></TITLE>
<META content="text/html; charset=unicode" http-equiv=Content-Type>
<META name=GENERATOR content="MSHTML 8.00.6001.18904"></HEAD>
<BODY>
<DIV><BR clear=all>Athens, Greece - January 12, 2012 - Costamare Inc. (the
"Company") (NYSE: CMRE) has declared a quarterly dividend of $0.27 per share for
the quarter ended December 31, 2011. <BR clear=all><BR clear=all>Dividend
Declaration <BR clear=all><BR clear=all>The Company today declared a cash
dividend on its common stock of $0.27 per common share payable on February 8,
2012 to stockholders of record at the close of trading of the Company's common
stock on the New York Stock Exchange on January 25, 2012. The Company has
60,300,000 shares of common stock outstanding as of today. <BR clear=all><BR
clear=all>The declaration of a dividend is subject to the discretion of the
Board of Directors of the Company, and accordingly will depend on, among other
things, the Company's earnings, financial condition and cash requirements and
availability, the Company's ability to obtain debt and equity financing on
acceptable terms as contemplated by the Company's growth strategy, the
restrictive covenants in the Company's existing and future debt instruments and
global economic conditions. <BR clear=all><BR clear=all>Management Commentary
<BR clear=all><BR clear=all>Gregory Zikos, Chief Financial Officer of the
Company said: "In line with our dividend policy, the Company's Board of
Directors declared our fifth consecutive quarterly dividend since we commenced
trading on the New York Stock Exchange." <BR clear=all><BR clear=all>"Our
contracted revenues, combined with our capital structure, provide us with the
ability to pay what we consider to be a sustainable dividend, without impacting
our growth plans." <BR clear=all><BR clear=all>"Our goal remains to continually
increase our dividend payments over time, consistent with our dividend policy."
<BR clear=all><BR clear=all></DIV></BODY></HTML>
<HTML><HEAD><TITLE></TITLE>
<META content="text/html; charset=unicode" http-equiv=Content-Type>
<META name=GENERATOR content="MSHTML 8.00.6001.18904"></HEAD>
<BODY>
<DIV><BR clear=all>Athens, Greece - January 12, 2012 - Costamare Inc. (the
"Company") (NYSE: CMRE) has declared a quarterly dividend of $0.27 per share for
the quarter ended December 31, 2011. <BR clear=all><BR clear=all>Dividend
Declaration <BR clear=all><BR clear=all>The Company today declared a cash
dividend on its common stock of $0.27 per common share payable on February 8,
2012 to stockholders of record at the close of trading of the Company's common
stock on the New York Stock Exchange on January 25, 2012. The Company has
60,300,000 shares of common stock outstanding as of today. <BR clear=all><BR
clear=all>The declaration of a dividend is subject to the discretion of the
Board of Directors of the Company, and accordingly will depend on, among other
things, the Company's earnings, financial condition and cash requirements and
availability, the Company's ability to obtain debt and equity financing on
acceptable terms as contemplated by the Company's growth strategy, the
restrictive covenants in the Company's existing and future debt instruments and
global economic conditions. <BR clear=all><BR clear=all>Management Commentary
<BR clear=all><BR clear=all>Gregory Zikos, Chief Financial Officer of the
Company said: "In line with our dividend policy, the Company's Board of
Directors declared our fifth consecutive quarterly dividend since we commenced
trading on the New York Stock Exchange." <BR clear=all><BR clear=all>"Our
contracted revenues, combined with our capital structure, provide us with the
ability to pay what we consider to be a sustainable dividend, without impacting
our growth plans." <BR clear=all><BR clear=all>"Our goal remains to continually
increase our dividend payments over time, consistent with our dividend policy."
<BR clear=all><BR clear=all></DIV></BODY></HTML>